Chaos in US markets, Indian market crashed as it opened, IndusInd Bank shares declines

Stock Market Fall: The effect of the fall in the US stock market was also seen on the Indian stock market on Tuesday. Sensex and Nifty crashed as soon as the business started. The Sensex of 30 shares of Bombay Stock Exchange plunged 400 points as soon as it opened, while the Nifty of National Stock Exchange slipped more than 130 points.

Amidst the fall in the market, the biggest fall was in the shares of private sector IndusInd Bank, and it fell 20% as soon as it opened.

Sensex plunged 400 points

The stock market had a very bad start on Tuesday. The BSE Sensex index opened at 73,743.88, down from its previous close of 74,115.17, and within a few minutes, it slipped more than 400 points to the level of 73,672.

On the other hand, the NSE Nifty index also seemed to be moving in step with the Sensex. It opened at 22,345.95, down from its Monday close of 22,460.30, and within minutes, it fell by more than 130 points to trade at the level of 22,314.

1715 stocks started in the red zone

With the opening of the stock market, while the shares of 617 companies opened in the green zone with a jump, the shares of 1715 companies started trading on the red mark with a decline. Meanwhile, no change was seen in the status of the shares of 105 companies.

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Talking about the shares that fell the most, IndusInd Bank, Infosys, Tech Mahindra, TCS, Tata Motors saw a sharp decline as soon as the market opened. On the other hand, shares of ICICI Bank, Maruti Suzuki and ONGC were seen trading in the green.

These 10 shares slipped the most

If we look at the shares that slipped the most in the initial trade amid the decline in the market, large-cap companies IndusInd Bank Share (20%), Infosys Share (3.24%), M&M Share (2.99%), Zomato Share (2.49%), Tech Mahindra Share (1.28%) were trading with a decline.

In midcap, Bandhan Bank Share (4.43%), Godrej India Share (4.25%), RVNL Share (3.53%) and AU Bank Share (3.46%) fell. Apart from this, among small cap companies, Gensol Share hit a 5% lower circuit as soon as it opened.

Major drop in the US market yesterday

It is worth noting that a big drop was seen in the US stock markets on the last trading day. The Dow Jones looked very bad and it slipped by 1100 points during trading, although in the end this index closed at 41,911.71 with a drop of 2.08% or 890 points. The S&P-500 was in a similar condition as the Dow Jones and it closed with a drop of 155.64 points or 2.70%. Nasdaq saw an even bigger drop and closed at 17,468.32, down 4%.

Summary

The effect of chaos in the US stock market was also seen on the Indian stock market on Tuesday and Sensex-Nifty crashed as soon as they opened. Meanwhile, IndusInd Bank shares slipped 20%.

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